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Bill > S1563


MA S1563

MA S1563
Providing additional revenue to the Financial Literacy Trust Fund


summary

Introduced
01/23/2017
In Committee
01/23/2017
Crossed Over
Passed
Dead
12/31/2018

Introduced Session

190th General Court

Bill Summary

For legislation to provide further revenue to the Financial Literacy Trust Fund. Revenue.

AI Summary

This bill seeks to provide additional revenue to the Financial Literacy Trust Fund. It does this by allowing taxpayers to voluntarily contribute all or part of their tax refund, or add an amount to their tax payment, to the Financial Literacy Trust Fund when filing their state income tax return. The bill also requires the state's tax commissioner to ensure that taxpayers are made clearly aware of this contribution option. The revenue generated from these voluntary contributions will be credited to the Financial Literacy Trust Fund, which is used to promote financial literacy in the state.

Committee Categories

Budget and Finance

Sponsors (1)

Last Action

Accompanied a study order, see S2497 (on 04/30/2018)

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